Amazon have announced that The Climate Pledge has 86 New Signatories, Including Procter & Gamble, HP, and Salesforce, Signaling Their Commitment to Achieving Net-Zero Carbon by 2040 or Sooner.
Pledge signatories in total generate over $1.8 trillion in global annual revenues and have more than 7 million employees across 26 industries in 21 countries. By achieving net-zero carbon by 2040, 10 years ahead of the Paris Agreement, current Climate Pledge signatories are expected to collectively mitigate 1.98 billion metric tons (BMT) of carbon emissions from a 2020 baseline. This is equivalent to 5.4% of current global annual emissions—demonstrating the collective impact The Climate Pledge is expected to have in addressing climate change and prompting more action to tackle the climate crisis.
“I believe that now, more than ever, companies like Amazon have an obligation to lead the fight for our planet, But, solving this challenge cannot be accomplished by one company; it requires all of us to act together, and it’s one of the reasons we’re so excited to announce that more than 200 businesses have joined us in signing The Climate Pledge—a commitment to reach the goals of the Paris Agreement 10 years early.”
– Andy Jassy, Amazon CEO
Many of the new Pledge signatories are already making significant progress toward reducing their carbon emissions. Since 2010, Procter & Gamble has reduced its absolute emissions across global operations by 52%. The company has also increased its purchase of renewable electricity by 97% and partnered with consumers to make sustainability effortless at home with products like Tide and Ariel, which have helped reduce carbon emissions by 15 million tons through cold-water washing. Procter & Gamble recently announced an ambition to reach net-zero emissions across its operations, transportation, and supply chain, from raw material to retailer, by 2040. Nespresso, known for its coffee expertise from bean to capsule to cup, is announcing an important milestone for its climate journey: Every cup of Nespresso coffee, both at-home and professional, will be carbon neutral by 2022.
Today’s announcement responds to the findings of the latest report from the United Nations’ Intergovernmental Panel on Climate Change (IPCC), which underscores the need for increased urgency in addressing the climate crisis. Unless there are immediate, rapid, and large-scale reductions in greenhouse gas emissions, limiting warming to close to 1.5 degrees Celsius or even 2 degrees Celsius will be out of reach.